Page 3 - Institutional Investors

Brookfield India REIT raises Rs 2,305 cr through sale of units to investors

Brookfield India Real Estate Trust has raised Rs 2,305 crore by selling units to institutional investors on private placement basis and will mainly use this fund for acquisition of two assets in Gurugram and Mumbai. In a regulatory filing, Brookprop Management Services Pvt Ltd, which is manager to Brookfield India REIT, informed that the issue committee has approved the allotment of 9,13,01,349 units to 64 successful eligible institutional investors, at the issue price of Rs 252.50 per unit. The names of investors were not disclosed. The issue price includes a discount of Rs 13.29 per unit (which is 5 per cent) on the floor price of Rs 265.79 per unit. "Pursuant to the allotment of the units in the issue, 42,63,88,422 units are issued and outstanding," the filing said. Brookfield India Real Estate Trust (Brookfield India REIT) had opened the issue on July 27 for receiving bids. Last month, the unitholders had approved raising of funds through an institutional placement of units n

Institutional investors vote against Siemens's sale of motors business

Nearly 78.5 per cent of the public institutional investors voted against the deal

Byju's 'regularly disregarded' advice on key matters, says Prosus

Exited Byju's board because of poor corporate governance, says edtech firm's biggest investor

Institutional inflows in residential sector up 385% in H1 of 2023: Colliers

Another asset class that saw high growth in the flow of money was office assets which saw a 145% jump in inflows in the first half of 2023 to $2.719 billion

ESOPs to board changes: Advocacy by institutional shareholders surges 44%

Types: Most number of resolutions related to 'Board Changes' at 6,138. This was followed by resolutions relating to the auditors, remuneration and financial results.

'Against' votes by institutional investors surged to 6.31% in 2022

Others'-non-promoters and non-institutional investors-- polled just 29.01 per cent of their shares, an improvement over 26.31 per cent in the previous year

Green debut

Green bonds can help lower borrowing cost

Adani Enterprises allots Rs 5,985-cr worth shares to anchor investors

Maybank, ELM Park large buyers in anchor category of FPO; MFs abstain

Indian realty got $5.2 bn institutional investment in 2022, up 19%: Study

Warehousing, data centres will attract institutional investments in 'years to come', says JLL

Institutional investments in retail real estate jump 6-fold in 2022: Rpt

Institutional investments in retail real estate jumped over six fold to USD 492 million in 2022, as businesses in shopping malls revived strongly post the COVID pandemic, according to Colliers India. In 2021, the retail real estate had attracted only USD 77 million institutional investments because of an adverse impact of the COVID pandemic on the businesses in shopping malls. Overall, Colliers said that the institutional investments in the Indian real estate sector grew 20 per cent in 2022 to touch USD 4.9 billion from USD 4.08 billion in the previous year. Alternate asset classes, which includes data centres, received an investment of USD 867 million last year, up 92 per cent from USD 453 million in 2021. Alternate assets include data centres, life sciences, senior housing, holiday homes, and student housing among others. The growth of alternate assets is led by investors looking to diversify their portfolio, given steady returns in some traditional asset classes, Colliers India

KFin Technologies IPO subscribed 2.6 times on concluding day of issue

KFin Technologies first considered launching a Rs 2,400-crore IPO but reduced the issue size to Rs 1,500 crore to align with market conditions

KFin Technologies IPO subscribed 0.70 times on Day 2, issue closes Wed

Financial services firm provides services and solutions to asset managers and corporate issuers

Softbank halves stake in Policy Bazaar parent, mops up Rs 1,043 crore

Sells 22.84 million shares, or 5.08% stake, at Rs 456.4 apiece; 30 institutional investors among buyers

Dharmaj Crop IPO subscribed 36 times; promising start for Uniparts

It raised Rs 216 crore by issuing fresh equity in the IPO

Keystone Realtors' IPO gets tepid response, oversubscribed 2x

Retail portion just half covered; institutional investor and HNI portions subscribed 3.8x and 3x, respectively

Canada pension fund's Indian arm acquires Peripheral Expressway

Deal for Rs 6,267 cr is the largest road acquisition under government's asset monetisation programme this year

IPO watch: DCX issue subscribed nearly 70 times on strong QIB interest

Price band set at Rs 197-207; No institutional takers for Fusion microfinance on opening day

Tamilnad Mercantile Bank IPO subscribed 0.8x on first day of issue

TMB is looking to issue 15.84 million fresh shares in the IPO. At the upper end of the price band, the bank will raise Rs 832 crore and will be valued at Rs 8,314 crore

CVP aims to raise Rs 750 crore by Dec to invest in clean-tech firms

Early stage venture capital fund Cactus Venture Partners expects to raise Rs 750 crore by December and plans to invest the amount in clean-tech, and health-tech companies, among others. Out of the total amount, the VC fund has raised Rs 350 crore. "The fund is in active discussions with several domestic and international institutional investors and anticipates the final close of its fund target of Rs 750 crore by December 2022. "With a significant 15 per cent commitment from the General Partners, the fund plans on deploying this capital over the next 3-4 years," Cactus Venture Partners (CVP) said in a statement. Anurag Goel, Co-Founder of Cactus Communications, Amit Sharma, a seasoned venture investor, and Rajeev Kalambi, a former investment banker, are the founders of CVP. Cactus is a global science communication, and technology company. CVP has been investing in technology and Direct-to-Consumer (D2C) startups in the early growth stage since 2021. "The fund's capital raise has

Institutional investors pushing back more on top executive pay hikes

Rejection of resolutions on remunerations rises; investors becoming more discerning, say experts